Ardea Resources Ltd. · ASX:ARL
Ardea Resources — Noosa Mining and Exploration Investor Conference 2020
30 slides from Ardea Resources's conference presentation, Nov 12, 2020
Slide 1: Investor Webinar Presentation
Investor Webinar Presentation ASX & Media Release 12 November 2020 Ardea Resources Limited (ASX: ARL, Ardea or the Company) is pleased to ASX Symbol announce its participation in the Noosa Mining and Exploration Investor ARL Conference on Friday 13 November 2020 from 10.00am AEST / 8.00am AWST. Mana
Slide 2: Noosa Mining Conference
the Kalgoorlie Nickel Project starting with Goongarrie Nickel-Cobalt for Gold and Nickel Sulphides within the Kalgoorlie Nickel Project NOOSA MINING CONFERENCE The faceted multi- coloured jewels November 2020 represent the rich heart of WA and its diverse character in terms of landscape, minerals, a
Slide 3: Disclaimer
Disclaimer Important notice This presentation contains general information only and is, or is based upon, information which has been released to ASX or is contained in the Ardea Resources Limited (Ardea or the Company) prospectus dated 9 November 2016 (including supplementary prospectuses dated 18 N
Slide 4: Ardea Value Proposition
Ardea Value Proposition Globally significant Nickel and Cobalt resource and Critical Minerals Essential for new age technologies to meet the needs of modern society which demand ethical and sustainable mineral supply for a low carbon future Ardea perfectly placed to meet these needs Pipeline
Slide 5: Corporate Summary
Corporate Summary Capital Structure, as at 10 November 2020 ASX Code ARL Shares on Issue 127,670,582 Share Price $0.51 52 week high / low $0.80 / $0.17 Cash (as at 31 Oct 2020) $12.1 million Market Capitalisation $65 million Largest Shareholder (Ian Buchhorn) ~10% equity Top 40 Shareholders ~60% equ
Slide 6: Prime Location and Jurisdiction
Prime Location and Jurisdiction All Ardea Projects located in Western Australia (WA) >4,000km2 ground position in Eastern Goldfields WA is the premier global destination for development of minerals operations WA is the top ranking operating jurisdiction in the Fraser Institute’s Annual Surve
Slide 7: Kalgoorlie Nickel Project – Ni, Co and Au
Kalgoorlie Nickel Project – Ni, Co and Au (looking southeast – with GNCP in the foreground. Note the scale and location) Nickel Sulphide Ardea KNP tenements Targets shown in red Lily Albany Discovery GNCP 70km N of Kalgoorlie Most resources on granted mining leases Leverage off existing infr
Slide 8: Ardea's flagship is Australia's premier Nickel-Cobalt Project
Ardea’s flagship is Australia’s premier Nickel-Cobalt Project Ardea is poised for ethical supply of Critical Minerals for new electrification technologies Ardea pilot plant nickel sulphate crystal production 7
Slide 9: The Kalgoorlie Nickel Project
The Kalgoorlie Nickel Project Kalgoorlie Nickel Project (KNP) has a globally significant nickel and cobalt resource, pending imminent update Resource: 773Mt at 0.7% Ni and 0.05% Co* 5.5 Million tonnes contained Nickel 405,000 tonnes contained Cobalt The Goongarrie Nickel Cobalt Project (GN
Slide 10: Optimum Resource Scale
Optimum Resource Scale Piloting Nickel-cobalt resource updates based on high grade mine strategy (>1% nickel) GNCP drill core studies have in progress and to include maiden scandium component showing goethite, which is the confirmed Assumption is a world-leading Lithium Ion Battery (LIB) investo
Slide 11: Optimum location for ensuring ethical supply
Optimum location for ensuring ethical supply Large contiguous KNP land holding allows unimpeded site planning to minimise ultimate site footprint Open Mediterranean woodland highly amenable to low-impact development and rehabilitation Arid environment, facilitates well managed tailings disposa
Slide 12: Regional Location – Nickel Sulphide Projects
Regional Location – Nickel Sulphide Projects Ardea’s KNP tenure holds extensive nickel laterite resources and is one of the largest land holdings over ultramafic stratigraphy in Australia The same ground is highly prospective for nickel sulphide mineralisation Archaean Eastern Goldfields Provi
Slide 13: Emu Lake Project – Priority Follow-Up Areas
Emu Lake Project – Priority Follow-Up Areas 70km NE of Kalgoorlie and 30km E of Black Swan nickel mine and processing plant (Poseidon Nickel Ltd) Strategic ground holding covering 240km2 mainly on granted mining leases Ardea controls 20km strike of this prospective and under-explored ultramafi
Slide 14: Emu Lake Project – Binti Gossan Zone LS
Emu Lake Project – Binti Gossan Zone LS PLANNED DRILL HOLES 13
Slide 15: Emu Lake Project – Binti Gossan Zone Potential
Emu Lake Project – Binti Gossan Zone Potential Review of DHEM data has highlighted two off-hole conductors ASX:ARL ELD047: 120m x 150m plate with Emu Lake 1000S conductance Ni Sulphide ELD046: 150m x 80m plate with 500m 2000S conductance Open 200m Down hole DHEM Re-survey of historic holes w
Slide 16: Regional Location – Gold Projects
Regional Location – Gold Projects WA’s Eastern Goldfields – one of the world’s great gold mining provinces Ardea’s ground is highly prospective for Archaean orogenic gold >100 gold exploration targets defined Ardea gold exploration strategy has already defined several discoveries in 2020 wit
Slide 17: GNCP in perspective with other WA Gold Camps
GNCP in perspective with other WA Gold Camps GNCP An emerging gold camp at GNCP St Ives Big Four gold resource Ardea’s recent Lily Albany and Zeus discoveries. More to come… 25km long Similar length to the St Ives gold camp (>10Moz) More than twice the length of the Kundana Kundana gold
Slide 18: Emerging Gold Camp Started with Big Four Gold
Emerging Gold Camp Started with Big Four Gold The beginning to unlocking the GNCP gold camp Located 70km NW of Kalgoorlie on a granted GNCP mining lease Ardea drilling commenced January 2020 with results including*: 18m at 3.38g/t gold from 18m 14m at 2.40g/t gold from 6m 20m at 2.91g/t
Slide 19: Gold Strategy Progress During 2020
Gold Strategy Progress During 2020 Two new gold discoveries confirmed, Lily Albany and Zeus with others emerging Lily Albany Discovery confirmed with only 3,787m of AC and 3,691m of RC drilling Zeus Discovery confirmed with only 569m of RC drilling Ardea’s scientific approach works and is di
Slide 20: Gold Discovery Success – Lily Albany
Gold Discovery Success – Lily Albany The first virgin greenfields gold discovery in the Bardoc Tectonic Zone on Ardea’s GNCP tenure, located on a granted mining lease Hidden by 10 to 40 metres of surface cover and lake clays in an area not previously drilled Sub-surface gold anomalism extends
Slide 21: Gold Discovery Success - Zeus
Gold Discovery Success - Zeus Shallow high-grade orogenic gold discovery Beneath ~8m of transported cover on a granted mining lease Discovery hole, ABFR0303*: 10m at 12.97g/t Au from 42m including 4m at 28.25g/t Au from 44m Gold mineralisation open in every direction ~1km long line of st
Slide 22: Investment Summary
Investment Summary Ardea’s KNP = unrivalled nickel and cobalt scale optionality (5.5Mt of nickel and 405kt of cobalt) Globally significant nickel-cobalt resource in an infrastructure-rich and stable jurisdiction, provides ability to increase production from multiple processing hubs for the rapidly e
Slide 23: Thank you
Thank you For further information please visit: www.ardearesources.com.au or contact: Andrew Penkethman Managing Director & CEO P: +61 8 6244 5136 E: ardea@ardearesources.com.au
Slide 24: Appendices
the Kalgoorlie Nickel Project starting with Goongarrie Nickel-Cobalt for Gold and Nickel Sulphides within the Kalgoorlie Nickel Project For further information regarding Ardea, please visit www.ardearesources.com.au The faceted multi- APPENDICES coloured jewels represent the rich heart of WA and its
Slide 25: Goongarrie Nickel Cobalt Project, part of the KNP
Goongarrie Nickel Cobalt Project The GNCP is part of the largest Nickel Cobalt Resource in the developed world^ +20km Goongarrie Nickel Cobalt Project, part of the KNP Potential multi-decade producer of high-quality nickel and cobalt products 1.0Mtpa base case PFS – low CAPEX start-up with robus
Slide 26: A High Quality Nickel and Cobalt Project
A High Quality Nickel and Cobalt Project Outstanding results delivered from PFS* and Expansion Studies completed in 2018: PFS of 1Mtpa and 1.5Mtpa base case over a 25-year mine life completed 1.0Mtpa 1.5Mtpa 2.25Mtpa Status PFS PFS ES Expansion study of 2.25Mtpa with a 25-year mine life complete
Slide 27: KNP Resource Breakdown
KNP Resource Breakdown KNP nickel-cobalt JORC Code (2012) Mineral Resource Resource category Size Nickel Cobalt Contained metal (Mt) (%) (%) Ni (t) Co (t) Measured 9.6 1.02 0.10 98,800 9,700 Indicated 232.9 0.75 0.06 1,759,700 141,200 Inferred 530.5 0.68 0.05 3,600,000 254,400 TOTAL 773.0 0.70 0.05
Slide 28: Goongarrie Nickel Cobalt Project Resources
Goongarrie Nickel Cobalt Project Resources Summary of total mineral resource from the Goongarrie Nickel Cobalt Project area, comprising resources at Goongarrie Hill, Goongarrie South, Big Four and Scotia Dam (ASX release 14 March 2018). Camp Domains Cut-off Resource Size Nickel Cobalt Contained meta
Slide 29: Reserves Defined for Goongarrie Nickel Cobalt Project
Reserves Defined for Goongarrie Nickel Cobalt Project* Goongarrie Nickel Cobalt Project, Ore Reserves based on 25 year mine life at 1.5 Mtpa. Size Nickel Cobalt Deposits Class (Mt) (%) (%) Using a nickel equivalent cut of >0.81%, which used Goongarrie South Proven 8.95 0.96% 0.10% inputs of A$18,900
Slide 30: Big Four Gold Resource
Big Four Gold Resource Big Four Gold, (JORC 2012) Mineral Resource (14 May 2020) Cut-off Grade Tonnes Contained gold (oz) Au g/t Au g/t ≥ 0.00 194,000 2.5 15,400 ≥ 0.50 178,000 2.7 15,300 Inferred Resource ≥ 1.00 151,000 3.0 14,600 ≥ 1.5 118,000 3.5 13,300 ≥ 2.00 92,000 4.0 11,800 Inferred resource
Ardea Resources — Noosa Mining and Exploration Investor Conference 2020 on 6ix